Dáil Éireann Debate, Wednesday - 14 September 2022
396. Deputy Michael Creed asked the Minister for Social Protection the reason that a person (details supplied) in County Cork had their disability allowance discontinued; and if she will outline the means assessed against him. [44943/22]
View answerDisability allowance (DA) is both a means and medically assessed payment. The Department commenced a means review of the person concerned in June 2021. In their reply, the person concerned stated that they now have a rental property which is valued at €270,000 and has no out-standing mortgage.
Properties other than a person’s principal residence are assessable for means purposes for DA. The capital assessable is the current value (less any out-standing mortgage0 which in this case is €270,000.
The formula for assessing capital of €270,000 for means purposes for Disability Allowance is as follows:
|
Formula |
Capital |
Means |
|
First €50,000 is disregarded |
€50,000 |
€0 |
|
€50,000 to €60,000 is assessed at €1 per €1,000 |
€10,000 |
€10 |
|
€60,00 to €70,000 is assessed at €2 per €1000 |
€10,000 |
€20 |
|
Over €70,00 is assessed at €4 per €1000 |
€200,000 |
€800 |
|
Total |
€270,000 |
€830.00 |
Therefore means are assessed from this property at €830.00 per week which exceeds the statutory limit allowed in this case of €203.00
I trust this clarifies the matter for the Deputy.
